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Reap The Benefits Of Your PMP® Certification

What makes you stand out in the crowd as a PMP® certified professional? PMP® Certification is considered worldwide as the gold standard for project management certification. One needs to do a lot of hard work in order to acquire one, which includes specialized formal training and several thousand hours of practical experience in order to pass a rigorous certification exam.This entire process helps to validate your project management skills as well as, it ensures that you have the knowledge of the highest standard that makes you apt for the role of Project Manager. Once you get PMP® certified, you need to maintain it by earning PDUs, as your PMP® certification is only valid for 3 years. Now, how does all this hard work benefit you?Advantages of being PMP® CertifiedGot PMP® certified? Then it’s time for you to reap the benefits out of your PMP® Certification.PMP® certification is an unbiased endorsement of your professional experience and project management knowledge at a global level. Having this certification under your belt exposes you to benefits like high market value, increased credibility, and most often, a higher pay. But is it worth getting a PMP® certification? This is the most common question that arises in your mind when you prepare yourself for a costly and complicated journey to get PMP® certified. The following benefits will surely help you to find the answer to your quest:Beef up your resume with PMP® CertificationYou can add more value to your profile by adding a PMP® certification to your resume. Employers hiring Project Managers prefer PMP® certified professionals over non-certified professionals.PMP® certification validates your project management experiencePMI (Project Management Institute) has set certain standards in regards to applying for the PMP exam. You need to acquire a certain amount of experience in directing and leading projects. Also, PMI has an audit process to ensure that you are truthful about your project history.Get networking and potential job opportunities as a PMP® certified professional The PMI chapters frequently organise meetings and workshops where project management professionals come together to learn the theories related to project management. These events also help you to earn PDUs which are valuable for renewing your PMP® certification when it expires in three years.These events expose you to discussions regarding fresh career opportunities from members who appreciate the importance of PMP® certification.PMP® certification proves your commitment towards the profession of project managementAs a PMP® certified professional, you spent your effort and time to attain your PMP® certification. This clearly shows your commitment to project management.Enhance your skillsYou need to undergo rigorous training in order to get PMP® certified. This also includes a significant amount of coursework. You get the opportunity to get trained and educated in five project management processes which include initiating, planning, implementing, controlling, and monitoring.To be precise, PMP® certification teaches you each and everything about project management which you can implement in your company for better project execution.Increase your earningYou tend to earn more as a PMP® certified project managers than the non-certified ones. You can increase your salary as a PMP® certified professional and expect an immediate hike as soon as you get PMP® certified. Surveys show that PMP® certified project managers earn 20% more than the non-certified project managers. Further, PMP® certified professionals have the capability to earn a six-figure income.  Other benefits There are numerous benefits of PMP® certification apart from the above-mentioned ones. Whatever field you belong to; finance, commerce, telecom, research, business, or technology, a PMP® credential will upskill your project managerial skills and allow you to step to new markets, new industries, and new countries.Although, you might feel demotivated for taking up the lengthy exam process and course fee, your money, time, and effort is worth as it returns you the benefit beyond you can imagine. Should I get a PMP® certification?If you are someone who’s passionate about Project Management and working in the project management field then you should definitely begin your journey for PMP® certification. It is a well renowned and respected certification with an excellent scope. It is mandatory in many organisations for a Project Manager to hold a PMP® or an equivalent certification.Once you are PMP® certified, you begin to progress both in terms of career and salary. According to PMI’s Salary Survey 9th edition, the salary of professionals with PMP® certification is 20% more on average than their non-certified counterparts. You need to fulfill the following requirements to appear for your PMP® certification exam:Project Management Experience (36 months for a 4-year degree holder and 60 months for a high school diploma or equivalent holder)35 hours of Project Management EducationIf you hold a bachelor's degree or global equivalent, then you need to have 4500 hours of Project Management experience.If you hold a high school diploma or global equivalent then you need to have 7500 hours of Project Management experience. Why do employers want you to be PMP®  Certified?Requiters looking for project managers divide the resumes into two piles: those with PMP® certification and those without. The following points will help you to understand why a PMP® certified professional is desired by the employers:Demand from customersAccording to Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program, ‘Highly regulated industries (e.g., financial services, pharmaceuticals, defense, and aerospace) wouldn’t consider anyone without the PMP® certification’.If you are working in a company who has bid on a government project then you are likely to encounter a requirement for PMP® certification. But this requirement is not limited to government entities. The business approach for certain types of firms requires adherence to strictly-defined processes for which PMP is a must.PMP ensures your ability to speak the common language As a project manager, you are likely to spend the majority of time communicating with your team members who might differ from project to project. Therefore, your ability to speak the common business language ensures that you are on the same page with your team members, program manager, sponsor, etc.Although you can’t be sure that you will eliminate all kinds of possible miscommunications by having a team full of PMPs, this will surely reduce the chances of such scenarios as the entire team will have the common understanding of what each process and technique seeks to achieve.PMP shows that you can manage projects in a structured and repeatable fashionThe project management experts around the world use a set of repeatable and standardized processes to tackle the value of every unique process. PMI addressed the increased need for standardization of processes in its 2013 Pulse of the Profession™ Study. The tools, processes, and documents endorsed by PMI enable you to confidently and effectively manage the risk in any project. Moreover, you can ensure that the partner organisation and your team members are on the same page in regards to the management approach and risk identification.How does your PMP® certification benefit your employer? Adding a PMP® certification to your profile automatically opens up many beneficial doors for you as well as your employer. PMP® certified professionals are the leaders of some of the world’s top projects in renowned organisations. If you are imagining that how can a PMP® certification benefit your organisation, then these are the various benefits which your organisation can reap out of your PMP® certification:International recognitionAdd value to your companyCreate a healthy business cultureHaving organisational adaptabilityInternational recognitionPMI earned the ISO/IEC 17024 accreditation in the year 2007 for PMP® certification program. Since then, PMP® certification is an internationally recognised qualification which has the credibility in more than 85 countries which have endorsed and adopted ISO standardization practices. This clearly means that it is a certification recognized by the global community for its value and standardize the experience and qualification which a non-certified individual doesn’t hold. Once you get PMP® certified, you become a valuable commodity for your organisation if it intends to have a strong global presence and influence.Add value to your companyOnce you are PMP® certified, you start adding more value and a great benefit to your organisation. You are looked upon as a person who truly knows what he or she is doing.Your PMP® certification proves to be beneficial for your company in the following ways:Your organisation knows that the employees are getting led by someone who has the knowledge and experience to ensure that they work to the best of their ability.As a certified project manager, you have extensive knowledge about risk management and your company is assured that you will avoid any unnecessary mistakes that would lead to monetary loss.Your clients will be assured that they are getting the best service possible.Create a healthy business culture According to PMI, organisations are formulating their visions by integrating project management into it to create a healthy business culture. It further acknowledges that the most effective organisations recognize the need for a formal program and project management in their initiatives to change the business. The following factors play a pivotal role in an organisation while creating a culture that embraces project management and increases the business value:Understand the value of project managementActive engagement with executive sponsors on programs and projectsGetting projects and programs aligned with the organisation’s strategyHaving a highly matured program, project, and portfolio managementHave organisational adaptabilityPMI’s research shows that the skills demonstrated by PMP® certified project manager contribute towards the preparedness of a business or company for the market and environment change.ConclusionAs we have discussed all the benefits that your PMP® certification can bring to you and your organisation, we can sum it up as; PMP® certification improves your opportunities and skill set at the individual level and helps to manage the challenges and risks at an organisation level. It adds all the skills and knowledge which you need to expertly handle projects and teams in a variety of industries.So, if you want to get a PMP® certification and still worried about if it would help you then you should keep aside your worries and get onboard for an opportunity to give your career a new direction by getting PMP® certified.
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Reap The Benefits Of Your PMP® Certification

6974
Reap The Benefits Of Your PMP® Certification

What makes you stand out in the crowd as a PMP® certified professional? PMP® Certification is considered worldwide as the gold standard for project management certification. One needs to do a lot of hard work in order to acquire one, which includes specialized formal training and several thousand hours of practical experience in order to pass a rigorous certification exam.

This entire process helps to validate your project management skills as well as, it ensures that you have the knowledge of the highest standard that makes you apt for the role of Project Manager. Once you get PMP® certified, you need to maintain it by earning PDUs, as your PMP® certification is only valid for 3 years. Now, how does all this hard work benefit you?

Advantages of being PMP® Certified

adavantages of being pmp certified

Got PMP® certified? Then it’s time for you to reap the benefits out of your PMP® Certification.

PMP® certification is an unbiased endorsement of your professional experience and project management knowledge at a global level. Having this certification under your belt exposes you to benefits like high market value, increased credibility, and most often, a higher pay. 

But is it worth getting a PMP® certification? This is the most common question that arises in your mind when you prepare yourself for a costly and complicated journey to get PMP® certified. The following benefits will surely help you to find the answer to your quest:

  • Beef up your resume with PMP® Certification

You can add more value to your profile by adding a PMP® certification to your resume. Employers hiring Project Managers prefer PMP® certified professionals over non-certified professionals.

  • PMP® certification validates your project management experience

PMI (Project Management Institute) has set certain standards in regards to applying for the PMP exam. You need to acquire a certain amount of experience in directing and leading projects. Also, PMI has an audit process to ensure that you are truthful about your project history.

  • Get networking and potential job opportunities as a PMP® certified professional 

The PMI chapters frequently organise meetings and workshops where project management professionals come together to learn the theories related to project management. These events also help you to earn PDUs which are valuable for renewing your PMP® certification when it expires in three years.

These events expose you to discussions regarding fresh career opportunities from members who appreciate the importance of PMP® certification.

  • PMP® certification proves your commitment towards the profession of project management

As a PMP® certified professional, you spent your effort and time to attain your PMP® certification. This clearly shows your commitment to project management.

  • Enhance your skills

You need to undergo rigorous training in order to get PMP® certified. This also includes a significant amount of coursework. You get the opportunity to get trained and educated in five project management processes which include initiating, planning, implementing, controlling, and monitoring.

To be precise, PMP® certification teaches you each and everything about project management which you can implement in your company for better project execution.

  • Increase your earning

You tend to earn more as a PMP® certified project managers than the non-certified ones. You can increase your salary as a PMP® certified professional and expect an immediate hike as soon as you get PMP® certified. Surveys show that PMP® certified project managers earn 20% more than the non-certified project managers. Further, PMP® certified professionals have the capability to earn a six-figure income.  

  • Other benefits 

There are numerous benefits of PMP® certification apart from the above-mentioned ones. Whatever field you belong to; finance, commerce, telecom, research, business, or technology, a PMP® credential will upskill your project managerial skills and allow you to step to new markets, new industries, and new countries.

Although, you might feel demotivated for taking up the lengthy exam process and course fee, your money, time, and effort is worth as it returns you the benefit beyond you can imagine. 

Should I get a PMP® certification?

If you are someone who’s passionate about Project Management and working in the project management field then you should definitely begin your journey for PMP® certification. It is a well renowned and respected certification with an excellent scope. It is mandatory in many organisations for a Project Manager to hold a PMP® or an equivalent certification.

Once you are PMP® certified, you begin to progress both in terms of career and salary. According to PMI’s Salary Survey 9th edition, the salary of professionals with PMP® certification is 20% more on average than their non-certified counterparts. You need to fulfill the following requirements to appear for your PMP® certification exam:

  • Project Management Experience (36 months for a 4-year degree holder and 60 months for a high school diploma or equivalent holder)
  • 35 hours of Project Management Education
  • If you hold a bachelor's degree or global equivalent, then you need to have 4500 hours of Project Management experience.
  • If you hold a high school diploma or global equivalent then you need to have 7500 hours of Project Management experience. 

Why do employers want you to be PMP®  Certified?

Requiters looking for project managers divide the resumes into two piles: those with PMP® certification and those without. The following points will help you to understand why a PMP® certified professional is desired by the employers:

  • Demand from customers

According to Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program, ‘Highly regulated industries (e.g., financial services, pharmaceuticals, defense, and aerospace) wouldn’t consider anyone without the PMP® certification’.

If you are working in a company who has bid on a government project then you are likely to encounter a requirement for PMP® certification. But this requirement is not limited to government entities. The business approach for certain types of firms requires adherence to strictly-defined processes for which PMP is a must.

  • PMP ensures your ability to speak the common language 

As a project manager, you are likely to spend the majority of time communicating with your team members who might differ from project to project. Therefore, your ability to speak the common business language ensures that you are on the same page with your team members, program manager, sponsor, etc.

Although you can’t be sure that you will eliminate all kinds of possible miscommunications by having a team full of PMPs, this will surely reduce the chances of such scenarios as the entire team will have the common understanding of what each process and technique seeks to achieve.

  • PMP shows that you can manage projects in a structured and repeatable fashion

The project management experts around the world use a set of repeatable and standardized processes to tackle the value of every unique process. PMI addressed the increased need for standardization of processes in its 2013 Pulse of the Profession™ Study. 

The tools, processes, and documents endorsed by PMI enable you to confidently and effectively manage the risk in any project. Moreover, you can ensure that the partner organisation and your team members are on the same page in regards to the management approach and risk identification.

How does your PMP® certification benefit your employer?

 Adding a PMP® certification to your profile automatically opens up many beneficial doors for you as well as your employer. PMP® certified professionals are the leaders of some of the world’s top projects in renowned organisations. If you are imagining that how can a PMP® certification benefit your organisation, then these are the various benefits which your organisation can reap out of your PMP® certification:

  • International recognition
  • Add value to your company
  • Create a healthy business culture
  • Having organisational adaptability

PMP certification benefits for employer

International recognition

PMI earned the ISO/IEC 17024 accreditation in the year 2007 for PMP® certification program. Since then, PMP® certification is an internationally recognised qualification which has the credibility in more than 85 countries which have endorsed and adopted ISO standardization practices. 

This clearly means that it is a certification recognized by the global community for its value and standardize the experience and qualification which a non-certified individual doesn’t hold. Once you get PMP® certified, you become a valuable commodity for your organisation if it intends to have a strong global presence and influence.

Add value to your company

Once you are PMP® certified, you start adding more value and a great benefit to your organisation. You are looked upon as a person who truly knows what he or she is doing.

Your PMP® certification proves to be beneficial for your company in the following ways:

  • Your organisation knows that the employees are getting led by someone who has the knowledge and experience to ensure that they work to the best of their ability.
  • As a certified project manager, you have extensive knowledge about risk management and your company is assured that you will avoid any unnecessary mistakes that would lead to monetary loss.
  • Your clients will be assured that they are getting the best service possible.

Create a healthy business culture 

According to PMI, organisations are formulating their visions by integrating project management into it to create a healthy business culture. 

It further acknowledges that the most effective organisations recognize the need for a formal program and project management in their initiatives to change the business. The following factors play a pivotal role in an organisation while creating a culture that embraces project management and increases the business value:

  • Understand the value of project management
  • Active engagement with executive sponsors on programs and projects
  • Getting projects and programs aligned with the organisation’s strategy
  • Having a highly matured program, project, and portfolio management

Have organisational adaptability

PMI’s research shows that the skills demonstrated by PMP® certified project manager contribute towards the preparedness of a business or company for the market and environment change.

Conclusion

As we have discussed all the benefits that your PMP® certification can bring to you and your organisation, we can sum it up as; PMP® certification improves your opportunities and skill set at the individual level and helps to manage the challenges and risks at an organisation level. It adds all the skills and knowledge which you need to expertly handle projects and teams in a variety of industries.

So, if you want to get a PMP® certification and still worried about if it would help you then you should keep aside your worries and get onboard for an opportunity to give your career a new direction by getting PMP® certified.

KnowledgeHut

KnowledgeHut

Author

KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

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Top 7 Project Management Methodologies

Foresighted managers and leaders don’t necessarily follow just one project management methodology. They learn all of them so that they have the awareness to deploy the right methodology for the right project. According to industry experts, project management methodologies are vital to project success. A recent study by PMI confirmed that about 89% of the project professionals believed that their organizations implemented some project management practice or the other.What is a project methodology? It’s a blueprint that shows how tasks and projects can be planned, managed, and executed, right from start to finish. It includes a combination of practices, techniques, and procedures followed by project managers.Why choose a project management methodology? A recent survey published by the Harvard Business Review revealed that the lack of time was the major hindrance to collaboration within project teams. Since projects are fast-paced and must adhere to deadlines, collaboration is quintessential. This is where adopting a project management methodology comes to play.Projects are incredibly fast-paced with competing deadlines; hence collaboration is the best way to keep the team engaged, heighten productivity, and save time in the long run. Practicing a methodology is a great way to boost collaboration as well as deliver project success. Top 7 project management methodologies Below are the top 7 methodologies in the project management landscape today: 1. Agile According to a KPMG survey, 81% of enterprises have adopted Agile in the past 3 years. The most favorite methodology, Agile is primarily a set of principles involved in software development.  However, it is hailed as a project management methodology for its flexibility and capability to build processes. Agile projects have a series of tasks that are initiated, executed, and adapted based on ad hoc demands, rather than a pre-planned process. Hence, Agile is apt for dynamic environments where the unpredictability factor is quite high.2. Scrum Scrum is the project management methodology that enables a small, cross-functional, self-managing team to deliver results quickly.  It helps boost communication, teamwork, and speed of the processes. Terms like sprints, scrums, backlogs, and burndowns are commonly used in scrum methodology.Scrum is ideal for environments that handle complex products.It advocates the use of small, cross-functional teams of up to 9 people who work on items in a backlog that have been clearly defined and prioritized by a Product Owner. Work is categorized into “sprints”, a development cycle of usually 2-4 weeks. During these sprints daily “Scrums” take place where the teams report on their daily progress and impediments. At the end of each sprint, work is then reviewed in a sprint review meeting to determine together with the Product Owner if it clears the Definition of Done (DoD). Scrum is further facilitated by a Scrum Master who leads the sprints, demos, reviews, and ensures that the team is continually optimizing and improving.3. LeanLean project management is the methodology that emphasizes the dictum of maximizing value while minimizing waste. In project management, it aims at creating the most value with a minimum amount of resources, labor, and space.There are 3 ‘M’s in Lean: Muda refers to wasteful activities that consume resources without value generation, Muri refers to overutilization of equipment or employees and Mura which corresponds to operational inefficiency. Lean project management methodologies when practiced are capable of reducing these 3 Ms within the project process. 4. Kanban Kanban is a project management methodology that is focused on Lean principles. Its primary focus is to increase efficiency. It’s an evolved version of Scrum. It’s flexible and not focused on roles. It keeps the team focused on what matters. It’s ideal for environments where priorities are changed frequently. The online tool Trello is based on Kanban. It gives an accurate visual depiction of the progress of work for the team and other stakeholders. It’s ideal in organizations that demand a consistent output.5. eXtreme Programming methodology (XP)  eXtreme Programming (XP) is also a software development project management methodology that focuses solely on development while ensuring quality. It lays down the processes needed to improve software quality as well as meet customer requirements.  It is quite similar to Scrum but differs in certain prescriptive processes. These processes include making compulsory user stories, Test Driven Development (TDD), Pair programming, and Continuous integration. 6. Waterfall  Waterfall methodology, also known as the SDLC (Software Development Life Cycle) values solid planning and doing everything in one shot, unlike Agile. Planning and resource allocation is done in the beginning, work is executed in cascades. Like a waterfall. However, Waterfall is rigid as it offers no scope to make changes to the plan unless necessary. Because of this approach, upon reaching the testing stage, it’s very difficult to go back and rectify mistakes. That could end up being quite risky. The many shortcomings of the Waterfall approach are the reasons why Agile methodologies gained acceptance worldwide. 7. PRINCE2   Created by the UK govt in 1996 for IT projects, PRINCE2 methodology is controlled project management practice which divides projects into various stages with their own set of plans and processes to follow. It’s an excellent framework that can be applied mostly in large projects. It lays down the need for the project, identifies the target audience, and whether the project is feasible. A PRINCE2 Practitioner often oversees the team in these projects and ensures that the team has the right resources and guidelines to conduct the project as well as mitigate risks effectively.Ultimately, choosing the right project management methodology is based on the project and business environment. When chosen appropriately, these methodologies can play a major role in project success. Learn more about project management methodologies like these from our series of immersive workshops.
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Top 10 Certifications in Project Management

Whether it is the IT or non-IT industry, a successful project always depends on a highly competent project manager. An adept and proactive project manager helps the teams in becoming consistently productive and accountable for their tasks and responsibilities. Nowadays project management is a highly pursued job title. Any professional aspiring to be a project manager can greatly benefit from working in this role. This is not only because of the lucrative salary but also because a lot of skills can be acquired after being certified as a project manager, like knowing how to plan, schedule, budget, execute, deliver and then report on the business projects. Here are some of the top certifications in project management that companies are looking for, presently:1. PMP®: Project Management Professional Project Management Professional (PMP)® is one of the top-level project management certifications and is globally recognized as the gold standard in project management. By being PMP® certified, you can work in any industry with any methodology irrespective of the situation. This certification includes all the top necessities required to test your knowledge and skills in managing the project "triple constraints", that is time, cost, and scope.Accreditation body: Project Management Institute (PMI)® Eligibility criteria:Eligibility RequirementFour-year degree or global equivalentA secondary degree or global equivalentYears of Project Management Experience3 Years (36 months)5 Years (60 months)Hours Leading & Directing Projects4,500 Hours7,500 HoursHours of Project Management Education35 Hours35 Hours2. CAPM®: Certified Associate in Project Management Another certification governed and accredited by the Project Management Institute (PMI)®, the Certified Associate in Project Management (CAPM)® lays the foundation stone for the Project Management Professional (PMP)® certification. CAPM® is perfect for professionals who want to move steadily into the project management field. Individuals who do not possess a college degree or have no/minimal experience in the field can also apply for this certification. Accreditation body: Project Management Institute (PMI)® Eligibility criteria:A minimum of 23 hours of project management education before the examination. The minimum educational criterion to go for the Certified Associate in Project Management (CAPM)® certification is a high school diploma certificate or any global equivalent form of education.3. CSM®: Certified Scrum MasterEver since agile methodologies have become the standard in most industries, especially the IT sector, Certified Scrum Masters have been in high demand. Despite various Scrum master certifications being available in the market, the Certified ScrumMaster (CSM)® from the Scrum Alliance is a great way for aspiring project managers to start as Scrum practitioners. Scrum Alliance® offers this CSM® credential and is a non-profit organization that promotes the concept of adopting Scrum and agile practices. The organization globally has 450,000 plus certified practitioners. Accreditation body: Scrum Alliance® Eligibility criteria: There is no set of eligibility requirements to attend this Scrum Master Certification course and it can be taken by freshers or professionals who want to:Extend their careers in project management.Strengthen their grasp of Scrum.4. PMI-RMP®: Project Management Institute-Risk Management ProfessionalNowadays it is normal for any undergoing project to face risks at every stage, thus affecting its execution, success rate, and the final result. This requires planning the project by detecting potential risks, both threats, and opportunities, taking actions to reduce threats, and increasing opportunities.  The Project Management Institute-Risk Management Professional (PMI-RMP)® credential affirms that Risk Managers know the best way to identify project risks and lessen threats while making the best of available opportunities. Accreditation body: Project Management Institute (PMI)® Eligibility criteria: Either Secondary degree (high school diploma, an associate degree, or the global equivalent) 4,500 hours of project risk management experience within the last 5 consecutive years 40 hours of project risk management education Or Four-year degree (bachelor’s degree or the global equivalent) 3,000 hours of project risk management experience within the last 5 consecutive years 30 hours of project risk management education5. CompTIA Project+ certificationTraining in the CompTIA Project+ certification will enable professionals to learn and implement common project management principles and important soft skills such as team building, conflict resolution, communication, negotiation, setting, and managing expectations. CompTIA's Project+ serves as a primary-level project management credential.Accreditation body: CompTIAEligibility criteria:There are no strict prerequisites, however, according to CompTIA, a candidate should have at least one year of experience managing, directing, or participating in small- to medium-scale projects.6. PRINCE2® Foundation/PRINCE2 PractitionerAccredited by Axelos, PRINCE2® is a de facto standard that describes project management standards and assists in forming consistency among projects. It began in the UK and then applied it to its government entities. Famous across Europe and now countries in the middle and far east, many industries have adopted these standards and gained impressive results. As a result, PRINCE2® Practitioners are sought-after for their knowledge of applying this framework on projects. There are two key certifications: PRINCE2® Foundation and PRINCE2® Practitioner Certifications. The Foundation certification is an entry-level credential, testing basic project management terminology and methodology. On the other hand, the Practitioner certification tests advanced project managers who have already achieved the PRINCE2® Foundation.Accreditation body: Axelos Eligibility criteria: PRINCE2® Foundation Certification: There are no eligibility criteria for the PRINCE2® Foundation Certification Exam. However, it is recommended to possess basic project management knowledge.PRINCE2® Practitioner Certification: To get certified with PRINCE2® Practitioner Certification, applicants must have one of the below-mentioned certifications:PRINCE2® Foundation Project Management Professional (PMP)® Certified Associate in Project Management (CAPM)® IPMA Level A (Certified Projects Director) IPMA Level B (Certified Senior Project Manager) IPMA Level C (Certified Project Manager) IPMA Level D (Certified Project Management Associate)7. PgMP®: Program Management Professional (PgMP)® Certification Training This certification is created and administered by the PMI® and is the next step, after achieving the Project Management Professional (PMP)® Certification. PgMP® is for professionals who coordinate and manage multiple projects aligned with strategic objectives. This includes directing and managing complicated activities that may extend over functions, organizations, cultures, and geographies.With the PgMP® certification, professionals will strengthen their grasp in the six prime focus areas of program management such as Governance, Prioritization, Escalation, Resource Management, Benefits Realization, and Stakeholder Management. Thus, certified PgMP® professionals will be able to encourage teams to integrate and coordinate multiple projects in a better way. Accreditation body: Project Management Institute (PMI)® Eligibility criteria: Either:A four-year degree (Bachelor's or Global equivalent), with at least four years of Project Management experience and four years of Program Management experience.OrA secondary diploma (High school or Global equivalent), with at least four years of Project Management experience and seven years of Program Management experience. Candidates not meeting the above criteria can also consider the Project Management Professional (PMP®) certification. 8. APM™: Associate in Project ManagementThe Associate in Project Management (APM)™ certificate is an entry-level certification in Project Management and is a globally recognized credential. Governed by the Global Association for Quality Management (GAQM)®, the exam covers 50 Multiple Choice Questions out of which the candidate requires to get 70% (35 out of 50 correct) to pass the 60-minute exam. Accreditation body: Global Association for Quality Management (GAQM)® Eligibility criteria:No formal education or experience required. 9. MPM®: Master Project Manager The Master Project Manager certification is issued by the American Academy of Project Management (AAPM)® and is ideal for both project managers and professionals with business and technical responsibilities. Accreditation body: American Academy of Project Management (AAPM)®Eligibility criteria: Three years of project management experience and training. 10. PPM™: Professional in Project ManagementProfessional in Project Management (PPM)™ course is organized by the Global Association for Quality Management (GAQM)®. This is a mid-level certification that consists of project management components showing how to plan, execute, control, and complete projects as well as training to perform better.  Accreditation body: Global Association for Quality Management (GAQM)® Eligibility criteria:Completion of a mandatory E-Course Candidates should have a certain project management experience. ConclusionAlong with the abovementioned project management certifications, it is recommended that professionals apply principles in their current professions, be on the lookout for newer methodologies and upskill regularly.
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Is PMTQ the new buzzword in the Project Management world?

With an increasing number of technologies and effective tools for project management, the number of projects has skyrocketed in the past few years. Businesses are heavily investing in projects and related resources to increase revenue generation. According to Capterra, on average, businesses are spending anywhere between $1,000 to $10,000 annually (2020), on project management software. However, data from the PMI indicates that almost 12 percent of these business investments were wasted in 2019, owing to poor performance. Reports dating way back from the previous year also indicate that this number has barely budged over the past five years.The fundamental problem of this business loss is rooted in the gradual shift in the way of work that we are presently witnessing. While project management tools are getting iterated almost daily, the project professionals aren’t suitably geared to leverage this new technology. Additionally, only a fraction of business leaders are interested in investing in training and reskilling employees.With this, businesses are at the risk of creating digitally unsustainable environments. In a survey by PwC, 85 percent of respondents commented that artificial intelligence (AI) alone will significantly change the way they do business in the next five years. Close to two-thirds of global CEOs see AI as a bigger disruptor than the internet!  In order to build a capacity to adapt to the constant changes that advancing technologies are bringing, businesses are looking to build/hire professionals with high PMTQ (Project Management Technology Quotient).What is PMTQ?PMTQ (or Technology Quotient) is an agile concept of being able to adapt, manage, and integrate technology on the go, based on business/project needs. The PMI identifies three characteristics that define high PMTQ:1. Always-on curiosity:Looks for new project delivery approaches, new ideas, perspectives, and technologies.Open-minded, but with a skeptic’s approach. Has the ability to integrate the appropriate project delivery practices without chasing after every new digital trend.2. All-inclusive leadership:Leadership shift from people-management to tech-management i.e, assigning the right task to the right people – including robots! This leads to the effective management of newer technologies based on the team’s capabilities.  An advocate of technology3. A future-proof talent poolRecruiting and retaining the right project professionals, with skills most-needed for the digital era. These professionals are not just passionate about new trends and technologies but have the capabilities to adapt and keep up with constant rearrangement of ideas.The leader should be willing to accept that these cutting-edge technologies can be short-lived. They should adapt to these changes on par with tech growth, which is essential for business growth.The rapid growth of technologies creates a new scope for project professionals and businesses. The future of work is demanding businesses to build the flexibility to accommodate broad and varying skills, capabilities, and different project delivery approaches to get the work done. Even the approach to the work has shifted from “job for life” to “portfolio of projects”, for both individuals and businesses. Project managers today are no longer handling the same static responsibilities throughout their career, transitioning the nature of work to multifaceted projects that require new technologies to succeed. Factoring in the new changes, there is an immense demand for individuals and businesses to embrace PMTQ.Cultivating PMTQAs PMI points out, “The real opportunity lies in project leaders/businesses beginning the hard work of developing a PMTQ mindset throughout their organization.” A study has already found the positive effect of cultivating PMTQ within employees. PMTQ innovators were found to waste lesser investment (8.5%) compared to laggards at 16.3%, and also reduce scope creep in projects. Certifications like PMP® and PRINCE 2® further leverage individuals and teams to be digitally enabled.A truly digitally sustainable environment is created when ready-for-anything teams are cultivated, fuelled by the knowledge of their technology, as well as their project management which is exactly the intent of high PMTQ.
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Is PMTQ the new buzzword in the Project Management...

With an increasing number of technologies and effe... Read More